Articles tagged Northwest Sumas

Unable to gain traction, September Nymex natural gas futures saw early Wednesday gains ebbed away in favor of modest losses as tides were turning on fundamentals with lingering weather support expected to drift away into the fall shoulder season.

Natural gas futures seesawed in a narrow range of gains and losses for a second straight session on Wednesday. The prompt month hovered in the red by early afternoon trading as market participants weighed expectations for strong late-August cooling needs and bullish supply trends against expectations for retreating demand in the fall.

Natural gas futures closed near flat after gyrating on both sides of even Friday as a foot race between hot summer demand and rising production continued to play out in setting market balances.

Canada’s fledgling LNG export industry could be reaching a milestone as one major project nears start-up and another receives critical support.

Working natural gas in storage is on the cusp of topping out in Alberta, the Canadian province with the largest capacity.

July baseload natural gas prices for Canadian hubs weakened further during the final day of bidweek trading on Wednesday, while Lower 48 hubs maintained an overall upward trajectory from June, according to NGI’s Bidweek Alert.